Free Nikkei 500 Pharmaceuticals (NG08.OS) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Neutral Hold Hold
Last Update / Period
25 Dec / Daily
Category/Currency
Indexes/JPY
Exchange/Country
OSA/--

Nikkei 500 Pharmaceuticals (NG08.OS) signal with technical analysis on 25 Dec

On 25 Dec, we conducted a comprehensive technical analysis of Nikkei 500 Pharmaceuticals (NG08.OS), considering 256 signals with intricate details. Here are the key findings: 88 signals suggested buy strategies, while 86 indicated sell strategies. The remaining 82 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 38
Sell Signals: 4
Neutral Signals: 22
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 22
Sell Signals: 23
Neutral Signals: 19
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 14
Sell Signals: 29
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 14
Sell Signals: 30
Neutral Signals: 20
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 88
Sell Signals: 86
Neutral Signals: 82
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Nikkei 500 Pharmaceuticals (NG08.OS) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Nikkei 500 Pharmaceuticals (NG08.OS) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Nikkei 500 Pharmaceuticals (NG08.OS) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Nikkei 500 Pharmaceuticals (NG08.OS) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 4.61% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Nikkei 500 Pharmaceuticals (NG08.OS)** holdings.

Nikkei 500 Pharmaceuticals (NG08.OS) Price Analysis and Support Levels:

In our current Nikkei 500 Pharmaceuticals (NG08.OS) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 8062.04 We are closely monitoring the price at the first support level of 8062.04, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 7813.53 If the first support level at 8062.04 is broken, the second support level at 7813.53 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 7675.14 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 7675.14 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Nikkei 500 Pharmaceuticals (NG08.OS). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Nikkei 500 Pharmaceuticals (NG08.OS) technical analysis chart

Nikkei 500 Pharmaceuticals (NG08.OS) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 8230.47 8343.26 8415.7 8576.92 8600.57
Support 8062.04 7813.53 7675.14 7641.13 7484.9
 Nikkei 500 Pharmaceuticals (NG08.OS) Support and Resistance area (25 Dec)

Nikkei 500 Pharmaceuticals (NG08.OS) signals list for 25 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Nikkei 500 Pharmaceuticals (NG08.OS) candlestick patterns on 25 Dec

Today's Nikkei 500 Pharmaceuticals (NG08.OS) Candle Patterns List:

Belt-hold Long Line Candle

Nikkei 500 Pharmaceuticals (NG08.OS) technical analysis over the past days

# Date Overal Signals ALL Signals
1 24 Dec Hold HoldNeutralHoldHold
2 23 Dec Buy BuyHoldHoldHold
3 20 Dec Hold NeutralHoldHoldHold
4 19 Dec Hold HoldHoldHoldHold
5 18 Dec Hold HoldHoldHoldHold
6 17 Dec Hold HoldHoldHoldHold
7 16 Dec Hold HoldHoldHoldHold
8 13 Dec Hold HoldHoldHoldHold
9 12 Dec Hold HoldHoldHoldHold
10 11 Dec Sell HoldHoldSellHold
11 10 Dec Sell HoldNeutralNeutralHold
12 09 Dec Sell HoldNeutralNeutralSell
13 06 Dec Sell SellNeutralSellNeutral
14 05 Dec Hold NeutralHoldHoldNeutral
15 04 Dec Hold HoldHoldHoldNeutral
16 03 Dec Hold HoldHoldHoldNeutral
17 02 Dec Buy HoldHoldBuyNeutral
18 29 Nov Hold HoldHoldNeutralHold
19 28 Nov Hold HoldBuyNeutralHold
20 27 Nov Hold HoldNeutralHoldHold
21 26 Nov Hold HoldNeutralHoldHold
22 25 Nov Buy BuyHoldHoldHold
23 22 Nov Hold NeutralHoldHoldHold
24 21 Nov Hold HoldHoldHoldHold
25 20 Nov Hold HoldHoldHoldHold
26 19 Nov Hold HoldHoldHoldHold
27 18 Nov Hold HoldHoldHoldHold
28 15 Nov Hold HoldHoldHoldHold
29 14 Nov Hold HoldHoldHoldHold
30 13 Nov Hold HoldHoldHoldHold

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